Bonuses

Toys ‘R’ Us’ is still facing major challenges in the liquidation process The toy retailer made a number of missteps pre-bankruptcy, leading to the need to liquidate, experts sayToys ‘R’ Us, which announced that it will close its U.S. stores, will have to manage a liquidation process that experts call a “big undertaking.”

Here’s why companies should invest their tax windfall in diversityImproving a company’s return on equity can be achieved with focusing on a single metric: ESG, according to Savita Subramanian and Jill Carey Hall, equity quant strategists at Bank of America Merrill Lynch.

Goldman Sachs reveals wide UK gender pay gapWomen working at the main U.K. arm of Goldman Sachs Group Inc. make 36% less than men, according to pay data released Friday, reflecting male domination of some of the highest-paid jobs at the U.S. bank.

Deutsche Bank pays $2.7 bln in bonuses for 2017(Adds CEO's comments, details on staff bonuses) Deutsche Bank AG (DBK.XE) said on Friday its 2017 net loss was deeper than initially reported but that it raised bonuses for employees to about 2.2 billion euros ($2.7 billion) following a steep dropoff in 2016. Deutsche Bank said last year's overall bonus pool is on par with 2015, and compares with about EUR500 million for 2016.

Deutsche Bank restates 2017 loss at higher levelDeutsche Bank AG (DBK.XE) restated its net loss for 2017 and proposed a dividend of 11 European cents ($0.14) a share, it said on Friday. In its audited results, the German bank restated its net loss for 2017 at EUR751 million ($927 million). In its preliminary results in February the bank said its 2017 net loss was EUR512 million.

Disney reorganization sets up Iger's successionWalt Disney Co. is reorganizing its operations in a move that positions two top executives as potential successors to Chief Executive Robert Iger. Kevin Mayer, the company's longtime head of strategy who has specialized in acquisitions and digital investments, was named chairman of a new direct-to-consumer and international segment, while parks chief Robert Chapek added consumer products to his portfolio, giving him oversight of what would be the company's biggest business unit by revenue and profit.

Guns and 4 other major social issues where big U.S. businesses are leading change Corporate America has no choice but to tackle controversies Congress avoidsCorporate America has no choice but to tackle controversies Congress avoids

Americans have good instincts about what to do with sudden cash windfalls What would you do if $500 or even $5,000 suddenly landed on your lap?What would you do if $500 or even $5,000 suddenly landed on your lap?

GE stalls executive bonuses, but CEO still earns 157 times more than average worker No bonuses for 2017 as GE ‘continued to assess the appropriate performance metrics and targets,’ company says General Electric Co. Chief Executive John Flannery and other top company executives received no bonuses in 2017, but the $9 million Flannery was awarded in his first year as CEO still managed to be 157 times higher than the salary of the company’s median employee.

Life inside the Internet Research Agency, as described by a ‘Putin troll’ Radio Free Europe/Radio Liberty report answers a number of questionsRadio Free Europe/Radio Liberty report on an agency employee identified as “Kremlebot” answers a number of burning questions.

Deutsche Bank sets pricing of asset-management IPODeutsche Bank AG on Sunday said the share pricing for the coming partial float of its asset-management unit values the business at EUR6 billion to EUR7.2 billion ($7.4 billion to $8.9 billion), and announced a "cornerstone" investor in the offering, Japan's Nippon Life Insurance Co.

Deutsche Bank unit IPO valued at as much as $8.9BDeutsche Bank AG on Sunday said the share pricing for the coming partial float of its asset-management unit values the business at EUR6 billion to EUR7.2 billion ($7.4 billion to $8.9 billion), and announced a "cornerstone" investor in the offering, Japan's Nippon Life Insurance Co.

Deutsche Bank executives to give up their bonuses Deutsche Bank AG's top executives will forgo bonuses for a third consecutive year, Chief Executive John Cryan said at a technology and music conference in Austin, Texas, a spokesman said Saturday. Mr. Cryan's comments, made Friday night at Austin's South By Southwest, came after the German lender last month reported a third consecutive full-year loss.

Trump Scoreboard shows fastest jobs growth of his presidency Pay growth still lagging behindThe newest datapoints on the Trump Scoreboard are in, and the 45th president can bask in the glory of the best month for job creation of his presidency.

United Airlines scraps bonus lottery plan after employee revolt ‘We misjudged how these changes would be received by many of you,’ says United President Scott KirbyEmployees at United Airlines were furious with the company’s plan to replace its bonus system with a lottery-style drawing for prizes.

How Amazon can deliver an ‘apocalypse’ to another fat-cat industry Critical information for the U.S. trading dayStocks seem to be recovering their footing, as investors bet that trade-war fears could fizzle out. Our call of the day suggests the asset-management industry should be worried because Amazon might enter it.

Sainsbury's to hike staff base pay, but cut rolesJ Sainsbury PLC (SBRY.LN) said Tuesday that it will increase the base rate of pay for its in-store employees, but will reduce the number of in-store roles. The supermarket group said it will invest more than 100 million pounds ($138.2 million) in its in-store staff, which will include increasing the base rate of pay to GBP9.20 an hour from GBP8 an hour.

Crumbs? Bonuses tied to Trump tax cuts said to boost U.S. incomes by $30 billion After-tax incomes jump in January by most since 2012. Is it real?Democratic leader Nancy Pelosi said ordinary Americans would only get “crumbs” from the Trump cuts. The federal agency that does the math says those crumbs amounted to as much as $30 billion in January.

The best use of corporate tax cuts is investing in apprenticeship programs It will take more than new plants and temporary bonuses to sustain long-term improvements in workers’ earningsIt will take more than new plants and temporary bonuses to sustain long-term improvements in workers’ earnings.

DIYers can expect better-trained associates in the aisles, says Lowe’s Shares of the home-improvement retailer fell more than 6% Wednesday after an earnings missLowe’s says it has addressed associate payroll, and now it will focus on training, technology and other issues

Consumer spending slows in January but income growth and inflation speed up Fed’s preferred PCE gauge jumps 0.4%, yearly rate unchangedConsumers didn’t spend as much in January but not because they can’t afford to. Income surged in the wake of the Trump tax cut.

Consumer spending rises 0.2% in January, incomes get Trump boostWASHINGTON (MarketWatch) - Consumer spending in January rose a scant 0.2% as Americans cut back after the holidays. And spending fell for the first time in a year if adjusted for inflation, the government said Thursday. At the same time, incomes rose 0.4% and aftertax incomes posted the biggest gain since 2012 in the wake of the Trump tax cuts. Real disposable income surged 0.9%. The Bureau of Economic Analysis said it boosted its estimate of income growth by $30 billion to account for reports of onetime bonuses handed out by businesses after the tax law. The BEA estimated the tax law reduced personal taxes in January at a $115 billion annual rate. These figures are expected to be adjusted in the next few months as the government gets more precise information.

TJX plans buybacks, bonuses after tax revampTJX Cos. shares jumped 7.7% to $83.24 after the off-price retailer reported fourth-quarter results and announced a series of actions taken in response to the new tax legislation. Here's what you need to know:

Express Scripts shares rise as earnings, outlook top Street viewExpress Scripts Holding Co. shares ticked higher in the extended session Tuesday after the pharmacy-benefits manager's results and outlook topped Wall Street estimates. Express Scripts shares rose 3% after hours. The company reported fourth-quarter net income of $2.33 billion, or $4.10 a share, compared with $1.43 billion, or $2.34 a share, in the year-ago period. Adjusted earnings were $2.16 a share. Revenue rose to $25.38 billion from $24.86 billion in the year-ago period. Analysts surveyed by FactSet had estimated $2.09 a share on revenue of $25.1 billion. Express Scripts estimates earnings of $1.73 to $1.78 a share in the first quarter, and $9.27 to $9.47 a share for the year. Analysts expect earnings of $1.73 a share for the first quarter and $8.83 a share for the year. The company also said it will offer non-executive employees tax-cut bonuses of $500 to $2,000 each based on tenure.

Now we know where the tax cut is going: Share buybacks Buyback announcements are up 22%, but capex plans are up just 3%We now know where the benefits of the tax cut are going: To investors via corporate share buybacks.

Toys ‘R’ Us may close another 200 stores, sharply cut corporate staff Despite earlier promise, apparently no severance benefits for store closuresToys “R” Us Inc. plans to close another 200 stores and lay off a significant portion of its corporate staff following a disappointing holiday sales season, according to people familiar with the matter.

Unions at Disney World accuse company of holding $1K bonuses hostage Disney said in January that it would pay its 125,000 US employees $1,000 bonuses thanks to the federal tax overhaulA coalition of unions at Disney World has filed a federal unfair labor practice complaint accusing the Mouse House of withholding the $1,000 cash bonuses due their 35,000 workers — unless the employees accept the company’s contract offer.

These 12 Olympic athletes scrimped and saved their way to the top Financial hurdles and sacrificesWe talked to athletes competing in the 2018 Games about their money challenges and how they make ends meet.

Pound briefly tops $1.40 as Bank of England officials see pickup in U.K. wages The pound briefly rose above $1.40 Wednesday afternoon in London as Bank of England policy makers said salaries for Britons appear to be strengthening, a view they outlined in this month's quarterly inflation report. "A pick up in wages is starting to take root," Andrew Haldane, the central bank's chief economist, told a Treasury committee meeting. Wage pressures were weak early in 2017, he said, and "arithmetically, given what we've seen over the past few months, it's very likely average weekly earnings growth will nudge up to have a '3' in front of it, which is our forecast for Q1." Bank of England Governor Mark Carney said there's been steady firming in private-sector earnings excluding bonuses. "As we get towards full unemployment ... we are seeing a variety of indicators that are consistent with the firming of wage pressures," said Carney. The pound hit $1.4010 as the policy makers spoke, but has since fallen back to $1.3975. Data released Wednesday showed wage growth grew 2.5% in the three months to December. Earlier Wednesday, sterling was the worst performer among major U.S. dollar rivals,

Home Depot profit beats; sales rise more than seenHome Depot, Inc. HD reported its fourth-quarter earnings Tuesday. Here's what you need to know: EARNINGS: The home-improvement chain reported net income of $1.78 billion, or $1.52 a share. The impact of the new tax law and one-time bonuses to hourly employees negatively impacted fourth-quarter earnings per share by 17 cents.

Credit Suisse posts third straight lossZURICH -- Credit Suisse Group AG posted its third-straight annual loss Wednesday as the U.S. corporate tax overhaul forced the Swiss banking giant to write down over $2 billion in deferred-tax assets and erased what would have been a healthy return to profit.

PepsiCo posts flat sales, plans to cut jobsPepsiCo Inc. quarterly sales were flat, hurt by falling demand in North America for its beverages, but the company said it had ramped up cost-cutting efforts to protect its bottom line. The food and beverage giant swung to a quarterly loss, weighed down by charges stemming from the U.S. tax overhaul and its restructuring plan.

Trump’s new food-stamps plan: A basket of U.S. food, direct to your doorstepThe White House budget proposal contains a new proposal for reforming food stamps that would replace the current debit card-based system with one that directly provides American-grown foods to households.

Sears Canada creditors zero in on Lampert paymentsSears Canada Inc. creditors are targeting Eddie Lampert, its former controlling shareholder and the chief executive of its U.S. namesake Sears Holdings Corp., over payments he received before the Canadian business collapsed last year.

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